Nedbank said in a statement Tsumeb was identified as the next branch location because of the size and activity of its economy from a retail and wholesale perspective.
“Tsumeb has always been such an integral role player in the economic growth of our country, having not only spawned significant wealth and enterprise, but also contributing immensely to the leadership base of Namibia,” said Lionel Matthews, Managing Director of Nedbank Namibia during his remarks at the opening ceremony. “This town has a rich history that resonates well with Nedbank Namibia’s own values and devotion to the cause of growth and prosperity.”
Matthews added that the bank was not only expanding its brick and mortar footprint, but is in the process of upgrading its technology. “As with any major technological upgrade, this process has not been without its own challenges, but we are making great progress in customising the operating system to meet the highest possible banking convenience standards. We will be spending every ounce of our energy for the rest of 2015 to further stabilize our operating system, so that we may kick off the new year in high gear.” he said.
“The overarching aim of all these efforts is to ensure our clients are the ultimate beneficiaries of our investments into upgrading both our service and product offerings,” Matthews noted.
The Branch Manager of the newly established Tsumeb Branch, Mox Shilongo added, “Our loyal Nedbank clients, both new and long-standing friends of ours, we remain at your service and thank you for the amazing support that we have already received from each one of you.”
The bank committed a sponsorship of N$100,000 to the Tsumeb Municipality as a contribution to its various social upliftment projects.